How to win a house move in Georgia
House Speaker John Boehner is facing an uphill battle as his party seeks to pass legislation that would allow residents to buy new homes and refinance their mortgages.
| Getty Boehner: House bill will pass on the House floor next week, but ‘very hard’ to pass SenateThe House is expected to pass its bill to create a new tax credit program for homebuyers and refinances in the coming weeks.
That bill would create a $25,000 credit for new homes, while refinancing would get a $200 credit.
Both programs would allow people to refinance mortgages, while allowing homeowners to purchase new homes.
The House passed its version of the legislation last week and is expected on Thursday to vote on a companion Senate bill.
But the legislation has faced stiff resistance from the White House and Senate Majority Leader Mitch McConnell.
It has been referred to the House Rules Committee, which is chaired by GOP Rep. Tom Cole, R-Okla.
Democrats are also working on a bill that would give tax credits to all homebuyer and refinancings companies, but it faces similar hurdles from conservatives.
Boehner said Thursday that the House’s version of its bill is likely to pass on Thursday, but the House is working to finalize its legislation in the Senate.
House Speaker Boehner is expected next week to receive an update from the Senate on its bill, and he is “very, very hard to get a bill passed,” Boehner said in a conference call with reporters Thursday morning.
But Boehner said he will still face a very difficult fight in the House.
“We’re still working through this process with the Senate, with the president, with a few other people,” he said.
“We’re going to get it passed, but we’re going, we’re still trying to get the House to do it.
And if they’re not going to do that, then we’re not there yet.
So it’s going to take a long time.”
In the House, House Majority Leader Kevin McCarthy, R, Calif., said the bill would allow “more Americans to get on the ladder of life and get their mortgage paid.”
“There is a way for people to do this,” McCarthy said.
“I’m glad the House has a plan that addresses it.
McCarthy also said that he supports the House bill. “
But this is a very important issue.”
McCarthy also said that he supports the House bill.
“This is an issue that should be addressed,” McCarthy told reporters.
“It’s not a partisan issue.
We should not be fighting this issue.
This is a bipartisan issue.
And so I think the House should do its job, and do what the Senate is doing.”
House Minority Leader Nancy Pelosi, D-Calif., said that Republicans are “working feverishly” on their bill.
“Republicans have been working feverishly on a plan to help the middle class, and we will keep working hard to pass this bill,” Pelosi said on the call.
House Minority Whip Steny Hoyer, D, Md., also said Thursday on the conference call that Republicans should be confident that their bill will get the votes needed to pass the Senate and that it would pass the House “in the end.”
Hoyer said that the bill’s passage “will be the first step on the road to full bipartisan support for the tax reform package that I have in front of me.”
“I think there’s going be a lot of people who don’t like the House version, but there’s no way around that,” Hoyer said.